BIRMINGHAM, England (Oct. 8, 2007) — Dunlop Aircraft Tyres Ltd.(DATL) is planning to set up an aircraft tire retreading venture in China by early 2009 with two Chinese aerospace companies.
The joint venture—with Hong Kong Aircraft Engineering Co. Ltd. and Taikoo (Xiamen) Aircraft Engineering Co. Ltd.—would be located in Jinjiang, Fujian Province, with DATL the minority partner, the Birmingham-based aircraft tire maker and retreader said. The three companies recently signed a memorandum of understanding on the project.
This would mark a stepped-up presence for the company in Asia, where penetration of the market has been restricted to date as retreading from Europe is uneconomic for airlines located in the Asia Pacific rim region, according to DATL Chairman Ian Edmondson.
DATL makes both new tires and retreads at its plant in Birmingham.
“Commercial aviation is expanding rapidly across Asia, and aircraft manufacturers have recently increased their forecast of jet airliner deliveries because of the pace of growth across the region,” Mr. Edmondson said.
“Tire retreading will further enhance our present comprehensive aeronautical engineering and maintenance services for our existing and future customers,” said P.K. Chan, deputy chairman and CEO of Hong Kong Aircraft and chairman of Taikoo (Xiamen) Aircraft. “Dunlop Aircraft Tyres is one of the world leaders in this field and we are pleased to have the opportunity to cooperate with them.”